ASX:EML

12 months ago, David Allingham from Eley Griffiths Group and Andrew Smith from Perennial Value Management went head-to-head with their views on 5 microcap stocks. Since then, the smaller end of the market has been buoyant, with the small ords up ~15%, and both managers exceeding this mark by handsome...
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For decades, the prevailing view of financial markets was one of rational actors creating efficient prices. In recent years, particularly in the wake of the GFC, investors have increasingly adopted a very different view of how markets operate. Loss aversion bias, anchoring, and herding (among others) have all become popular...
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One of the most important lessons from behavioural finance is that the market can stay irrational longer than you can stay solvent. Everyday investors can apply a basic test when they make an investment by asking themselves ‘does the price I’m paying for this asset seem reasonable?’ If you are...
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The August Reporting season was a hectic one. The majority of small caps report their results in the last 10 days of the month, which makes for a very busy period for Fund managers and investors alike. Pleasingly 19 of the 20 stocks in the TBF Small Cap Value Growth...
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One of the key aspects to any overseas trip is to gain from the perspective of local management, not only to gauge the growth prospects within the domestic market, but to also assess any flow-on effects for Australia. After returning from a recent trip to the U.S, we realised the...
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Out of the top 12 companies held by the Monash Absolute Investment Fund, 7 beat analyst earnings expectations during the recent reporting season. However, the headwind against smaller growth companies that started in October continues. So despite a “good” results season, the fund went backwards.
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Macquarie Bank and ING are the latest Australian banks to offer Apple Pay in the accelerating global movement toward a cashless society. This multi-trillion dollar landgrab is turning incumbents on their head in many diverse industries such as retail, betting, transport and accounting. So in this week’s Buy Hold Sell,...
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Local market gave up some ground in line with weak global sentiment, weak commodity prices, global central bank uncertainties and rising yields. Consumer Discretionary and Financials supported the market while Resources and large caps moving ex div took the market down. Click here for the full report...
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The Aussie dollar has lost over 5% since the US election, while the US Dollar has put in one of its longest winning streaks on record on the prospect of higher inflation and wider deficits. So in this week’s Buy Hold Sell we turn the topic to US Dollar earners,...
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Simon Shields, Principal at Monash Investors shares his thoughts on equity markets valuations, the market cycle, and four market thematics he likes such as medical devices, payment systems, demographics and tourism. Simon also touches on some key stocks in the Monash portfolio positioned to leverage these four thematics. He also...
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The world remains in a low growth environment. Revenue growth is difficult to come by, the bulk of the heavy lifting on cost out appears to be behind us and levels of investment (which would drive medium-term growth) remain at benign levels. Against this backdrop, we have the continued emergence...
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Shane Fitzgerald, Principal at Monash Investors, says that Emerchants’ has stable banking relationships with it’s UK & European banks that should be unaffected by the political uncertainty in the UK. Instead, he sees their expansion into the UK markets as an underappreciated opportunity. Based purely on the Australian operations, Emerchants...
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High prices, high growth, and sometimes high risk; technology stocks are a divisive topic. There was a time when investors could feel free to ignore technology investment and assign it to the ‘too hard basket’, but with even Warren Buffett making his first technology investment, it’s getting hard to ignore....
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A big day for All the Majors AGMs and while the ASX 100 AGMs appear to be fine, some smaller AGM results are interesting - Comet Resources Limited, Rubicor Group, Regis Resources, Novogen and Emerchants Limited. Emerchants vote of interest is on the ASX Listing Rule 7.1A resolution for an...
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